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Belarus says hopes to sign potash supply contract with China in May

Published 2017-04-21, 02:24 a/m
Updated 2017-04-21, 02:30 a/m
© Reuters.  Belarus says hopes to sign potash supply contract with China in May

© Reuters. Belarus says hopes to sign potash supply contract with China in May

MINSK, April 21 (Reuters) - Belarus hopes to sign a new potash supply contract with China in May, Elena Kudryavets, director general of Belarusian Potash Company, told reporters in Minsk on Friday.

She also said that the price of the new contract with China could be higher than last year: "We hope that the prices would be higher, we are working on this."

China is the world's largest consumer of potash, a crop nutrient, and a contract with it traditionally establishes a global price floor. The deal between China and Belarus was done at a big discount in July.

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